SF housing: “relative insanity”

One of the things going right for both Stockton government and homeowners is the robust appreciation in home prices. A recovering economy, modest inventory, and fewer foreclosures are drivers.

Another big one: well over 40 percent of homes for sale in San Francisco are now listed at $1 million or more.

Yikes.

Mayor Ed Lee has pledged to build thousands of new housing units. And the city is loaning homebuyers up to $200,000 for homes or condos.

But San Francisco’s desirabiliity as a place to live is overpowering these measures, at least for now. As are moneyed tech industry workers. The real culprit is that San Francisco simply doesn’t build enough homes to meet the demand, says an urbanist writer for the Washington Post.

Short- to mid-range forecast: fabulous appreciation of Stockton home values and an easing revenue squeeze for City Hall.

This entry was posted in Uncategorized. Bookmark the permalink. Post a comment

Post a Comment

You must be logged in to post a comment.

We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Rules. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or fill out this form.
  • Blog Author

    Michael Fitzgerald

    Mike Fitzgerald is The Record’s award-winning metro columnist. His column runs in the paper three times a week. Born in San Francisco, he was raised in Stockton. His column covers diverse beats including, sometimes, the offbeat. Read Full
  • Categories

  • Archives

  • RSS Related Content

    • 'Flying machine' wowed Stockton, vexed press in 1896
      The mysterious flying craft was made of metal. It stretched around 150 feet, sported two flapping canvas wings and sprouted a rudder shaped like a bird's tail. […]
    • Hell on wheels? Sure, why not?
      Crossing India is an adventure. Crossing India during monsoon season is a punishing adventure. Crossing India during monsoon season in a flimsy motorized rickshaw ... are you kidding? […]
    • Nocetis' conviction on festival admirable
      Kudos to promoters Tony and Carol Noceti for their bold pledge to revive the Asparagus Festival. I wonder if they realize what they are getting into. […]